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2023 Market Wrap-Up

30 Dec 202310 minit
2023 Market Wrap-Up

Hello Traders, we hope you enjoy the holiday season. In this special edition of our weekly review, our final issue for the year, we'll revisit some of 2023's biggest stories, including: Three lenders made the list of biggest US bank failures in history. The US economy defied predictions for a major slowdown. Fitch Ratings stripped the US of its top-tier national debt rating. China set an annual growth target that was the lowest in three decades. India surpassed China as the world’s most populous country. Inflation fell significantly in many parts of the world. The Fed signaled that it would begin cutting rates in 2024. The BoJ scrapped its seven-year policy of capping long-term yields. OPEC+ doubled down on oil supply cuts. The price of gold hit an all time high. AI enthusiasm drove the Nasdaq 100 to its best year in a decade.

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